The covenants of a high yield bond used in Asias first
bond-financed leveraged buyout (LBO) have combined Chinese
and European practices to give bond holders deeper
protection than previous high yield products in the
The EUR 525 million LBO of Hyva Group by Unitas and NWS
Holdings was partially financed by the issuance of a $375
million Rule 144A/Regulation S offering by...